Mumbai: Bharti Airtel has shortlisted banks including Standard Chartered and JPMorgan to manage a share flotation for its telecoms masts unit to raise more than USD750 million, two sources with direct knowledge of the matter said.

The biggest Indian mobile phone carrier has also shortlisted Bank of America Merrill Lynch, HSBC, UBS and Kotak Mahindra for the initial public share offer (IPO), the sources said on Friday.

Bharti may file a prospectus for the IPO with the market regulator next month, said the sources, declining to be named as they are not authorised to speak to the media.

The unit, Bharti Infratel, is eyeing a listing in the first half of 2013, the sources said.

Bharti declined to comment.

Bharti Infratel, which has more than 33,000 mobile phone masts, also holds a 42 percent stake in joint venture Indus Towers, which is the world's biggest telecoms mast company, with about 110,000 masts.

Mast companies get their revenue from leasing infrastructure to network operators but they are going through a tough time in India currently as a Supreme Court order to revoke the regional operating licences of eight mobile phone companies in the 15-player market has weighed on demand for masts.